Pengaruh Cash Conversion Cycle, Leverage, dan Ukuran Perusahaan terhadap Return on Assets Perusahaan Transportasi dan Logistik
-
Ananda Ayu Sabila
*
Politeknik Perkapalan Negeri Surabaya, Surabaya,
Indonesia
- Firna Maristha Prihardini Politeknik Perkapalan Negeri Surabaya, Surabaya, Indonesia
- Irma Rustini Aju Politeknik Perkapalan Negeri Surabaya, Surabaya, Indonesia (*) Corresponding Author
Abstract
The transportation and logistics sector plays an important role in economic activity, but high national logistics costs remain a challenge for companies seeking to improve profitability, as reflected in the declining average Return on Assets (ROA) of transportation and logistics companies during the 2022–2024 period. This study aims to analyze the effect of the Cash Conversion Cycle (CCC), leverage, and firm size on profitability, as measured by Return on Assets (ROA), in transportation and logistics companies listed on the Indonesia Stock Exchange during the 2022–2024 period. This study employed a quantitative approach with an associative (causal) research design. The sample was selected using purposive sampling, yielding 11 companies and 33 observations. The data were analyzed using multiple linear regression analysis. The results indicate that the Cash Conversion Cycle (CCC) has a negative but insignificant effect on ROA, with a significance value of 0.460 and a regression coefficient of -0.092. Leverage has a negative and significant effect on ROA, with a significance value of 0.009 and a regression coefficient of -0.353. In contrast, firm size has a positive and significant effect on ROA, with a significance value of 0.001 and a regression coefficient of 0.048. Therefore, leverage and firm size are the main factors affecting corporate profitability, whereas the Cash Conversion Cycle (CCC) has no significant effect.
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